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Jayashree expects its Ebidta fall

Jayashree Textiles is staring at a sharp fall in profits in the current fiscal. One reason is the dumping of Chinese products in the Indian market. Pre-GST, Chinese players had effected a 23 per cent price drop, which made the company's products uncompetitive in the domestic market. Post-GST, Chinese imports get a 15 per cent offset in the value chain which takes the effective drop in selling price to 38 per cent.

The manufacturer of linen yarn and fabric as well as merino wool is expecting a steep fall in Ebidta margins between 2015-16 and 2017-18, particularly after the implementation of GST.

Jayashree Textiles, part of the Aditya Birla Group, is India’s top linen manufacturing company. It sells in over 50 countries and is the only integrated linen factory in the country with state-of-the-art facilities equipped with the latest spinning, weaving and finishing systems from Switzerland and Italy. Jayashree runs the Linen Club brand of stores, which sell the company's apparel and yarn. Linen Club is on an expansion mode across the country. There are 180 Linen Club stores in the country. The plan is to add 30 to 35 stores each year. All the stores are run on a franchisee basis.

 

 
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